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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Jan. 03, 2023
Dec. 28, 2021
Dec. 29, 2020
Operating activities      
Net (loss) income $ (3,314) $ 3,665 $ (23,259)
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 23,268 22,333 21,709
Deferred income taxes, net (40) 29 40
Restaurant impairments, closure costs and asset disposals 2,261 3,538 4,782
Amortization of debt issuance costs 723 444 371
Stock-based compensation 4,328 4,110 2,497
Gain on insurance proceeds received for property damage 0 (406) (200)
Changes in operating assets and liabilities:      
Accounts receivable (2,576) (491) (392)
Inventories (743) (382) 61
Prepaid expenses and other assets 1,244 (492) (14)
Accounts payable (563) 4,689 (1,287)
Operating lease assets and liabilities (5,417) (1,759) 2,847
Income taxes (68) (64) 59
Accrued expenses and other liabilities (9,546) 951 1,910
Net cash provided by operating activities 9,557 36,165 9,124
Investing activities      
Purchases of property and equipment (33,886) (18,776) (11,782)
Proceeds from restaurant refranchising 1,577 0 0
Insurance proceeds received for property damage 0 406 837
Net cash used in investing activities (32,309) (18,370) (10,945)
Financing activities      
Proceeds from Lines of Credit 4,781 0 0
Proceeds from borrowings on long-term debt 53,512 0 55,500
Payments on long-term debt (32,850) (21,556) (54,313)
Debt issuance costs (1,077) 0 (731)
Payment of finance leases (1,990) (1,925) (1,080)
Stock plan transactions and tax withholding on share-based compensation awards (356) 101 (174)
Net cash provided by (used in) financing activities 22,020 (23,380) (798)
Net decrease in cash and cash equivalents (732) (5,585) (2,619)
Cash and cash equivalents      
Beginning of year 2,255 7,840 10,459
End of year $ 1,523 $ 2,255 $ 7,840